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    Aspen Technology Inc. filed SEC Form 8-K: Termination of a Material Definitive Agreement, Entry into a Material Definitive Agreement

    3/17/25 4:10:40 PM ET
    $AZPN
    EDP Services
    Technology
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    false0001897982NASDAQ00018979822025-03-122025-03-12

    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    WASHINGTON, D.C. 20549


    FORM 8-K


     
    CURRENT REPORT
    Pursuant to Section 13 or 15(d)
    of the Securities Exchange Act of 1934
     
    Date of Report (Date of earliest event reported): March 12, 2025


    ASPEN TECHNOLOGY, INC.
    (Exact name of Registrant as Specified in Its Charter)



    Delaware
    001-41400
    87-3100817
    (State or Other Jurisdiction of Incorporation)
    (Commission File Number)
    (IRS Employer Identification No.)

    20 Crosby Drive
       
    Bedford, MA
     
    01730
    (Address of Principal Executive Offices)
     
    (Zip Code)
     
    Registrant’s Telephone Number, Including Area Code: (781) 221-6400
     
    N/A
    (Former Name or Former Address, if Changed Since Last Report)


     
    Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

    ☐
    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

    ☐
    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

    ☐
    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

    ☐
    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
     
    Securities registered pursuant to Section 12(b) of the Act:

    Title of each class
     
    Trading
    Symbol(s)
     
    Name of each exchange
    on which registered
    Common Stock, $0.0001 par value per share
     
    AZPN
     
    NASDAQ Global Select Market
     
    Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
     
    Emerging growth company  ☐
     
    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐



    Item 1.02
    Termination of a Material Definitive Agreement.
     
    Termination of Credit Facility.

    On March 12, 2025, in connection with the consummation of the acquisition by Emerson Electric Co. of Aspen Technology, Inc. (“AspenTech”), the Second Amended and Restated Credit Agreement, dated as of June 27, 2024, by and among AspenTech, JP Morgan Chase Bank, N.A. as the administrative agent and the lenders and initial issuing banks party thereto (the “Credit Facility”) was terminated. There were no borrowings under the Credit Facility prior to the termination. The description of the Credit Facility contained in Item 1.01 of the Current Report on Form 8-K filed with the Securities and Exchange Commission by AspenTech on June 27, 2024, is incorporated herein by reference.
     

    SIGNATURES
     
    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
     
     
    Aspen Technology, Inc.
       
     
    By:
    /s/ Vincent M. Servello
       
    Name: Vincent M. Servello
       
    Title:   President
         
    Dated: March 17, 2025
       

     

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